Last week we wrote about how the new iPhone 3GS offers better security because of better encryption both on-device and in the hardware. But now, information has come to light that the device can be hacked within two minutes using readily available freeware.

The new iPhone 3GS includes hardware-based encryption, giving the impression that your data is more secure than on previous models. A well-known iPhone security expert shows, however, that the data is just as easy to grab using simple hacking tools.